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more local or large city looks david roeder rights for the sun times, one of my favorites and put out a piece a couple days ago where he took three washington policy institutes and put together some of their research. he found if you just looked at large cities foreclosures were about 6% but the record is 6.1%. if you loosked at just chicago 8.7% foreclosure rate versus a year ago, year over year at 8.8. so only 0.1 better. if you specifically looked at cook county, their third quarter prices were down 3% year over year. you have the good, the bad, and it gets very difficult to just come up with one lump sum. one thing we can walk away with, it seems as though housing has bottomed. many states deal with the core process of foreclosures and there have been breakthroughs there. i've talked with many experts who really think there is still a shadow inventory of foreclosures that are going to be freed into 2013. you try to figure it out. the last, well maybe this is the credit market side of a possible positive for u.s. treasuries or some of the good ones like boon's. there's a "wall stre
developed regulations. i heard the mayor of a fairly large city talk about what he had learned as a mayor. he had been a central government official before and he realized once you got there, a central government officials do not understand a lives of ordinary people. and then he had to watch the proceedings and the process of drafting the local administrative procedure regulation and he came to understand the importance of procedural justice. that was one of the first times in 35 or 40 years of going to china that i heard a chinese talk about procedural justice. the term is in the vocabulary. i think local experimentation may have the least helped in the increment the building of the change of legal culture. >> that is supposed to be one of the virtues of one of the american federal systems. the laboratories of the experiment. one problem with having the population of 1.3 billion, it is a large population. one virtue is that you can divided into provinces and you can have real experiments. try this over here and try that over there. that is a tremendous virtue. i read in your book, you h
will be doing great. the coastal cities, again, largely rain and travel delays will be impacted significantly where we have new york, philly and d.c. >> sounds like retailers can't catch a brick right now. superstorm system and now the storm is barreling its way across the country and with holiday pale at their weakest, heard that this morning, do retailers, can they make up for last yund. >> thank you. have, why don't you go first. what impact is it going to have? >> you have declining dispose al income and petter problems. you have the retailers that have inconspicuous stock and consumers are concerned about everything from hurricane sandy and the senseless slaughters in sandy hook, connecticut, spending less and giving more to charities. >> jan, i don't want to minimize any of this, the damage that this storm has already inflicted in parts of the country and could still inflict, but we were in an environment where people were just not shopping to begin with. do you think retailers could use this as a good excuse going forward? >> yeah, bert's here with me the four horsemen and apocalypse.
and about box and the point i was trying to stress is i think the u.s. writ large, the government and also the civil society organizations and others were standing on the side lines here. they have to do private city along the same line. right now i think the u.s. policy, and again, u.s. government policy that those of you i think in the civil society and others were sitting on the sidelines here where there's a desire among the political forces including the under islamists who want to bring about change in their political movement and were for the large part sitting on the side line here and we need to do more. >> we do need to move on to the q&a portion here. i would like to take a few questions from the audience the if you have a question raise your hand. we have migrants' circulating and we will take ten minutes before we begin to wrap up. >> i'm on the center for democracy and human rights in saudi arabia in washington, d.c. what's missing over on these discussions which i tend to miss them less and less is the fact that islamists haven't been told all along. the other point is there
Search Results 0 to 3 of about 4